Why SK Hynix (SKHX) fell 10.50%
SK Hynix (SKHX) fell 10.50% on November 6, 2026 — Korea AI selloff drags Hynix after midterm sweep.
What happened
SK Hynix fell 10.5% alongside the Korea Tech selloff. The group move was driven by the Democratic midterm sweep, which sparked a selloff in AI-linked stocks on the Nasdaq.
Why it moved
SK Hynix is among the highest-beta names to AI sentiment, because its HBM and DRAM revenue depends on the same hyperscaler spending that the selloff put in question.
Why it matters
SK Hynix is a leader in the Korea Tech theme, where the HBM and DRAM upcycle has been the main earnings driver. The stock now trades on whether that upcycle can withstand AI-spend doubts.
What would break the thesis
A rebound in US AI names would likely drag SK Hynix back up quickly. Continued weakness would need to come from memory pricing or HBM order data rather than headlines alone.